Coop Pank AS · OMXTSE:CPA1T
Coop Pank AS — Q1 2021 Earnings Presentation
17 slides from Coop Pank AS's earnings presentation, 2021
Slide 1: Coop Pank Group 2021 Q1 unaudited results
Coop Pank Group 2021 Q1 unaudited results
Slide 2: Business volumes in quarterly comparison
Business volumes in quarterly comparison Loans Deposits m€ +192 +38% m€ +301 +55% +25 +4% +91 +12% 671 696 758 849 559 599 615 688 504 547 Q1 2020 Q2 Q3 Q4 Q1 2021 Q1 2020 Q2 Q3 Q4 Q1 2021 Daily banking clients Net profit '000 '000 € +24 +34% +1 374 +94% +6 +7% +411 +17% 87 93 75 80 2 424 2 835 69 2
Slide 3: Results of Q1 2021 – compared to Q1 2020
Results of Q1 2021 – compared to Q1 2020 Key indicators in year on year comparison • Revenues +25% • Net interest increased +1.7m€ due to higher loan portfolio by Year on Year Q1 2021Q1 2020 change 192m€ Net operating income ('000 €) 8 893 7 117 +1 776 +25% • Service fees +0.1 m€ Interest 8 043 6 35
Slide 4: Results of Q1 2021 – compared to Q4 2020
Results of Q1 2021 – compared to Q4 2020 Key indicators in quarterly comparison • Revenues +4% • Net interest +0.2m€ (+3%) Quarterly Q1 2021 Q4 2020 change • Service fees +0.1 m€ (+20%) Net operating income ('000 €) 8 893 8 519 +374 +4% Interest 8 043 7 808 +235 +3% Service fee and commissions 648 5
Slide 5: Loan portfolio increase driven by private mortgage
Loan portfolio increase driven by private mortgage Net loan portfolio • Quarterly growth of loan portfolio +25m€ (+4%) m€, % • Private mortgage loans +17m€ (+6%) 6.4% 6.2% • Business loans +8m€ (+3%) 6.1% 5.9% 5.7% • Leasing +1m€ (+1%) Gross interest of portfolio • Consumer loans -0.4m€ (-1%) +192 +
Slide 6: Loan portfolio interest by business lines
Loan portfolio interest by business lines Business loans Private mortgage loans m€, % m€, % 5.6% 5.6% 5.5% 5.4% 5.1% 3.6% 3.6% 3.6% 3.5% 3.4% 262 270 221 240 264 281 205 219 201 176 Q1 2020 Q2 Q3 Q4 Q1 2021 Q1 2020 Q2 Q3 Q4 Q1 2021 Gross loan portfolio Gross interest % Gross loan portfolio Gross int
Slide 7: Quality of loan portfolio
Quality of loan portfolio Loans past due and loss allowances in balance sheet • Past due portfolio remains at 3% level m€, % • Amount of payment holidays (ca 12 m€ Q1 2021) at 7% 7% similar level as Q4 2020 5% 3% 3% 37.4 • Credit risk cost ratio 0.5% in Q1 2021 34.6 33.3 (0.5% in Q4 2020) 8.6 6.9 9.
Slide 8: Loan portfolio quality by business lines
Loan portfolio quality by business lines Business loans Private mortgage loans m€, % m€, % 7% 6% 6% 3% 3% 3% 2% 2% 2% 2% 12.1 12.9 12.7 6.1 5.7 6.4 5.0 6.3 6.1 4.6 5.6 0.6 4.6 4.5 0.5 0.5 7.1 3.6 0.6 0.5 6.6 6.6 4.0 5.6 5.1 5.9 1.9 4.0 4.1 - 1.9 - 2.2 - 2.5 - 3.2 - 3.5 - 0.2 - 0.3 - 0.7 - 0.7 - 0.7
Slide 9: Amount of deposits increased, cost decreased
Amount of deposits increased, cost decreased Deposits • Deposits grew by 91m€ (+12%) compared to Q4 2020 m€ • +20 m€ from private clients Total cost of financing (+15.7 m€ demand deposits, +4.7 m€ term deposits) 1.0% 1.0% 0.9% • +45 m€ from business clients 0.8% 0.8% (+15.3 m€ demand deposits, +29.3
Slide 10: We are growing client base and market share
We are growing client base and market share Market share and number of bank clients • 6 500 new clients with bank account in Q1 2021 (Q4 2020 +6800) Market share % Market share of loans • +5 900 private clients 3.4% 3.4% 3.1% • +600 business clients 2.7% 2.9% 3.2% 3.3% 3.1% 2.9% 2.6% Market share of
Slide 11: Capital base supports growth plans
Capital base supports growth plans Quarterly capitalization Liquidity coverage ratio (LCR) m€, % % 21.9% 716% 20.8% 20.7% 19.5% 18.9% 486 423% 457 392% 424 385 394 343% 275% 100% 84 82 89 101 80 Q1 2020 Q2 Q3 Q4 Q1 2021 Q1 2020 Q2 Q3 Q4 Q1 2021 Total eligible capital RWA Capital adequacy ratio LCR R
Slide 12: Performance indicators
Performance indicators Cost / income ratio (CIR) and ROE • Decreased CIR Cost / income ratio % • +3% revenue growth vs -3% decrease of costs • Increased ROE • Strong monthly net profits in Q1 2021 62% 62% 58% 59% 58% ROE % 11.5% 10.1% 8.6% 6.5% 6.0% Q1 2020 Q2 Q3 Q4 Q1 2021
Slide 13: Brand awareness and preference as financial partner
Brand awareness and preference as financial partner Brand awareness of Coop Pank Preference as financial partner 96% Swedbank Swedbank 35% 20% 56% 96% 93% LHV 27% 32% 59% SEB 94% SEB 19% 25% 44% 72% LHV 70% Coop Pank 11% 35% 46% 61% Luminor 13% 14% Coop Pank 52% Other 4% 46% March 2021 Luminor First
Slide 14: Summary: Q1 2021 results
Summary: Q1 2021 results • Loan portfolio grew by 25m€ in Q1 (+38% YoY) • Deposits increased by 91m€ in Q1 (+55% YoY) • 6500 new customers (+34% YoY) Bank has a total of 93 200 clients with bank account • Net profit 2.8m€ (+94% YoY) 6500 new clients • Subordinated bonds (10m€) secure our growth stra
Slide 15: Shareholders
Shareholders No of Coop Pank shareholders TOP shareholders No of shareholders Shareholder distribution of Coop Pank as at 31.03.2021 +3008 +381 15 875 +85 44 Coop +443 Investeeringud +685 +422 25% 12 486 12 867 12 401 47 Others 11 958 43 11 273 43 37% 10 851 48 46 45 15 831 12 358 12 443 12 820 Coop
Slide 16: Share price
Share price Coop Pank share price and trading volume by dates Coop Pank share price compared to other banks Share price (€) and trading volume (thousand shares) Share prices indexed to 100 as at 10.12.2019 250 205 195 200 1.90 173 1.79 150 123 117 109 114 118 96 98 99 1.21 1.24 100 88 93 106 107 89
Slide 17: Kerli Lõhmus, Margus Rink contacts
Margus Rink Chairman of Board, CEO [email protected] Kerli Lõhmus Member of Board, CFO [email protected] https://www.cooppank.ee/en/for-investors